12 April 2018

12 April: News Roundup

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Business Standard

Ø  Oil cos say no directive from govt to defer price hike

Ø  Adani, Punj Lloyd, Rave tie up for aerospace & defence

Ø  Banking crisis has impacted investment flows: IL&FS

Ø  Tata Sons to consolidate aerospace, defence businesses

Ø  Former RBI Dy Guv HR Khan joins Bandhan Bank board

Ø  JSW Steel's Monnet Ispat win a 'mockery': ArcelorMittal

Ø  Govt floats proposal for first offshore wind project

Ø  Indian economy to grow 7.3% this fiscal, fastest across Asia: ADB

Ø  Govt's social sector spending inadequate by global standards, says RBI

Ø  Foreign funds with India link face uncertain future over Sebi's diktat

Ø  After touching 20-mth low in Feb, MFs see redemptions of Rs 500 bn in March

Ø  Brent hits highest since Dec 2014 as Trump pledges Syria missile attack

Ø  Air India buyer has to takeover interest-bearing debt of around Rs 165 bn

Business Line


Ø  Digital transformation will add $154 b to India’s GDP: Microsoft study

Ø  Kochhar likely to continue as ICICI Bank chief for now

Ø  Second wave of shale oil has started: IEA’s Birol

Ø  ABG Shipyard: Lenders seek details on Liberty House bid

Ø  Construction equipment major JCB upbeat on India

Ø  Petronet LNGeyes first-ever overseas project

Ø  Saudi Aramco partners Indian Oil, others to set up world’s largest refinery in Ratnagiri

Ø  RBI enters the exciting new world of Big Data analytics

Ø  L&T signs MoU with Bharat Electronics for defence products and systems

Ø  NSEL scam: 63 Moons to move Bombay HC for defreezing accounts

Ø  Jet Airways opts out of Air India stake sale process

Financial Express

Financial Chronicle

Ø  International Energy Forum 2018: Narendra Modi pitches for providing affordable energy to poor

Ø  IMF chief Christine Lagarde optimistic on global growth, but warns against trade protectionism

Ø  Government may take controlling stake in GSTN, even 100 pct

Ø  RBI imposes Rs 30 mn penalty on IDBI Bank

Ø  Banking on Modi’s reforms, world’s largest oil producer invests in $44 billion India refinery project

Ø  Mahindra Powerol forays into gas genset segment

Ø  BoB auctions assets way below loan value

Ø  Govt to split gas marketing, transportation

Ø  IHH preparing to rival TPG-backed firm’s Fortis bid

Ø  Govt mulls maiden overseas sovereign bond sale

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